Jeremy Wacksman Sells 7,418 Shares of Zillow Group, Inc. (NASDAQ:ZG) Stock

Zillow Group, Inc. (NASDAQ:ZG) CEO Jeremy Wacksman sold 7,418 shares of Zillow Group stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $68.66, for a total transaction of $509,319.88. Following the transaction, the chief executive officer now directly owns 182,501 shares in the company, valued at $12,530,518.66. This trade represents a 3.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Jeremy Wacksman also recently made the following trade(s):

• On Friday, May 16th, Jeremy Wacksman sold 10,984 shares of Zillow Group stock. The shares were sold at an average price of $68.98, for a total transaction of $757,676.32.

Zillow Group Stock Performance

NASDAQ:ZG opened at $68.76 on Friday. Zillow Group, Inc. has a 1 year low of $38.40 and a 1 year high of $86.58. The stock has a market cap of $16.68 billion, a P/E ratio of -146.30, a P/E/G ratio of 8.90 and a beta of 2.22. The stock has a 50-day simple moving average of $66.00 and a 200-day simple moving average of $71.61.

Zillow Group (NASDAQ:ZG) last posted its earnings results on Wednesday, May 7th. The technology company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.06). The business had revenue of $598.00 million for the quarter, compared to analysts’ expectations of $587.88 million. Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. Zillow Group’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.36 EPS. On average, equities research analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on ZG. Evercore ISI upped their price objective on Zillow Group from $75.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Wedbush reiterated an “outperform” rating and set a $90.00 price target (down from $100.00) on shares of Zillow Group in a report on Thursday, May 8th. UBS Group reduced their price objective on shares of Zillow Group from $98.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, April 11th. Cantor Fitzgerald upped their target price on shares of Zillow Group from $62.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Finally, Canaccord Genuity Group dropped their price target on shares of Zillow Group from $86.00 to $76.00 and set a “hold” rating for the company in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Zillow Group presently has a consensus rating of “Moderate Buy” and an average target price of $81.80.

Institutional Trading of Zillow Group

Several institutional investors have recently modified their holdings of ZG. JPMorgan Chase & Co. boosted its holdings in shares of Zillow Group by 155.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 33,258 shares of the technology company’s stock valued at $2,060,000 after buying an additional 20,238 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Zillow Group by 28.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 24,738 shares of the technology company’s stock worth $1,753,000 after acquiring an additional 5,539 shares in the last quarter. Victory Capital Management Inc. lifted its position in Zillow Group by 136.3% in the fourth quarter. Victory Capital Management Inc. now owns 22,982 shares of the technology company’s stock valued at $1,628,000 after acquiring an additional 13,255 shares during the last quarter. Vontobel Holding Ltd. boosted its stake in Zillow Group by 4.9% in the fourth quarter. Vontobel Holding Ltd. now owns 17,208 shares of the technology company’s stock valued at $1,219,000 after acquiring an additional 801 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Zillow Group by 2.5% in the fourth quarter. Northern Trust Corp now owns 247,078 shares of the technology company’s stock valued at $17,505,000 after acquiring an additional 6,088 shares in the last quarter. Hedge funds and other institutional investors own 20.32% of the company’s stock.

Zillow Group Company Profile

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.